Antwort auf: Bin ich dumm, wenn ich bei Ledger bleibe?
**YES.**
This isn’t just about typical pros and cons of this wallet or that wallet.
Ledger told us our keys never leave the secure element of our hardware wallets. They assured us no firmware update would enable our keys to be extracted from our hardware wallets.
Here’s the promise they made, again and again, for years.
> Hi – your private keys never leave the Secure Element chip, which has never been hacked. The Secure Element is 3rd party certified, and is the same technology as used in passports and credit cards. A firmware update cannot extract the private keys from the Secure Element.
> SOURCE: [@Ledger 8:12 AM · Nov 15, 2022](https://twitter.com/Ledger/status/1592551225970548736)
Now, they admit that was a lie:
> **yes a firmware update can extract the seed**
> [SOURCE](https://np.reddit.com/r/CryptoCurrency/comments/13ldgcl/my_personal_view_on_the_pr_disaster_from_a_ledger/jkpnk2h/): murzika, Ledger Co-Founder, Former CEO, and Former Chairman
And because their firmware isn’t fully open, we have no way of knowing if there’s a backdoor to enable key extraction even if we don’t opt in to their new key extraction service:
> There’s no backdoor and **I obviously can’t prove it**
> SOURCE: [–btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/)
And it’s not like we can trust their security.
> Ledger wallet users face mounting home invasion and other scareware threats as hacker dumps private customer information online.
> SOURCE: [Cointelegraph, December 24th, 2020](https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers)
What’s the worst that could happen, aside from a hacker getting access to your keys due to another Ledger security breach?
> If you are a Recover user and have your shard into safeguarded by third parties, then yes, a government could subpoeana them and get access to your funds.
> Using Recover gives you an easy recovery option and mitigates backup loss, but your assets could get frozen by the government
> [SOURCE](https://np.reddit.com/r/CryptoCurrency/comments/13ldgcl/my_personal_view_on_the_pr_disaster_from_a_ledger/jkpnvnl/): murzika, Ledger Co-Founder, Former CEO, and Former Chairman
Your assets could get frozen by the government. He said it.
> As I said above, if you are referring to Ledger Recover, I said government could get access to the backups of a user, as it’s only a matter of law and is about one user
> [SOURCE](https://np.reddit.com/r/ledgerwallet/comments/13layt7/my_personal_view_on_the_pr_disaster_from_a_ledger/jkp81y3/): murzika, Ledger Co-Founder, Former CEO, and Former Chairman
The government could get access to the backups of a user. He said it.
> If you are referring to Ledger Recover, a joint government task force could access a user’s recovery backup. I mean it’s just a question of law, two shards could be subpoaned even if they are each in a different jurisdiction.
> [SOURCE](https://np.reddit.com/r/ledgerwallet/comments/13layt7/my_personal_view_on_the_pr_disaster_from_a_ledger/jkp4o39/): murzika, Ledger Co-Founder, Former CEO, and Former Chairman
So, to answer your question: Are you dumb to just stick with ledger through this whole mess?
YES.